Risk appetite took over financial markets this Wednesday, resulting in stocks soaring to record highs, commodities plunging and the USD ending the day in an uneven fashion against its major rivals. The EUR/USD pair was again rejected from the 1.0770 price zone, but held above the key support at 1.0710, unable to leave its early week range, closing the day around 1.0730.

Data coming from Germany showed the first signs of concerns among local business, as the IFO Survey index, the most relevant leading indicator for the economy, fell to 109.8 in January, from 111.0 in December, with a notable decline in the expectations component to 103.2, from 105.6. In the US, house prices rose in November, up 0.5% on a seasonally adjusted basis from the previous month´s 0.3%, whilst mortgage approvals rose last week to their highest since last June, up by 4% from a week earlier.

Technical readings in the 4 hours chart reflect the lack of directional strength, although the 20 and 100 SMAs maintain their bullish slopes, below the current level, whilst technical indicators remain flat around their mid-lines. The absence of follow-through are somehow discouraging for bulls, but given that speculative interest is not ready to buy the greenback, which means that the pair will likely remain range bound until the appearance of the next macroeconomic catalyst. A downward acceleration below 1.0710, will increase the risk of a bearish extension towards the 1.0600/20 region, but it will take a break below 1.0565, quite unlikely at this point, to see the dollar turning actually bullish.

Support levels: 1.0710 1.0660 1.0610

Resistance levels: 1.0770 1.0800 1.0840

Australian Currency

USD/JPY

The USD/JPY pair closed the day pretty much flat around 113.80, after trading as low as 113.03 during the previous Asian session. The Japanese yen weakened against most of its major rivals, weighed by a sudden recovery in risk sentiment, which sent US equities to record all-time highs. US Treasury yields extended their recoveries, with the 10-year benchmark back to 2.52% from yesterday’s 2.47%, its highest for this 2017, further affecting the yen. The fact that the USD/JPY pair refused to recover further, indicates how weak is the greenback these days. From a technical point of view, the risk remains towards the downside, as in the 4 hours chart, the 100 SMA extended its decline far above the current level, whilst technical indicators have lost upward strength within neutral territory at the beginning of the day, spending the rest of it consolidating around it. The pair has met short term selling interest on approaches to the 114.00 level, but it will take a break above 114.50, a Fibonacci resistance, for the pair to shrug off the negative stance.

Support levels: 113.20 112.80 112.45

Resistance levels: 114.00 114.50 114.90

Australian Currency

GBP/USD

The Sterling outperformed its major rivals, soaring against the greenback and reaching a fresh 6-week high of 1.2627, settling a few pips above the 1.2600 level. The latest UK quarterly CBI Industrial Trends Survey showed that local manufacturers are more optimistic at the beginning of the year, up to 5 from previous 0 and the expected 2. Further helping the Pound these last few days was the lack of macroeconomic news that can trigger concerns over the upcoming Brexit. Nevertheless, the UK will release its Q4 preliminary GDP figures this Thursday, expected to show that the economy grew by 0.4% in the three months to December, following a 0.6% advance in the third quarter. A reading of 0.2% or lower will probably put the Pound under selling pressure, but there are good chances that buying resumes at better levels. The technical picture for this Thursday is bullish, given that in the 4 hours chart, the price advanced well above a strongly bullish 20 SMA, whilst technical indicators hold near overbought territory, with limited upward strength at this time of the day. Further gains could see the pair extending up to the 1.2770 region, December high.

Support levels: 1.2575 1.2530 1.2490

Resistance levels: 1.2635 1.2680 1.2730

Australian Currency

AUD/USD

The AUD/USD pair plummeted to a fresh weekly low of 0.7514 at the beginning of the day, weighed by disappointing inflation, confirmed soft in the last quarter of 2016. According to the official release, inflation grew by 0.5% in the mentioned period, whilst yearly basis price growth was of 1.5%. That figures stand for the lowest annual inflation rate in 19 years. The disappointment was limited as the numbers are in line with the RBA’s forecast, not enough to turn on the alarms of an upcoming rate cut. Australian market’s will remain closed on a local holiday this Thursday, leaving the macroeconomic calendar empty and the currency vulnerable to the performance of commodities and stocks. There are some technical signs of upward exhaustion, as in the 4 hours chart, the price settled above its 20 SMA for the first time since early January, whilst technical indicators in the mentioned time frame hold flat within negative territory, unable to regain positive ground. Dollar’s weakness however, is keeping the downside limited, with a break below 0.7490 now required to confirm another leg lower.

Support levels: 0.7530 0.7490 0.7450

Resistance levels: 0.7610 0.7645 0.7690

Australian Currency

GBP/CAD

The GBP/CAD cross recovered some ground this Wednesday, underpinned by continued strength in the Sterling that extended its latest rally against all of its major rivals. There were no macroeconomic releases in Canada, but the Canadian dollar rallied anyway, amid soaring equities and in spite of the poor performance in oil prices. The cross ended the day marginally higher at 1.6510, having held above its 200 EMA in the 4 hours chart, this last around 1.6400. In the same chart, the price is hovering around a horizontal 20 SMA, whilst the Momentum indicator continues horizontal around its 100 level and the RSI indicator also lacks directional strength, but around 57, supporting some additional gains on an advance beyond 1.6545, the daily high. Given that the pair remains far above the 1.6330 level, the 61.8% retracement of the latest downward move, the risk of a steeper decline is limited, and buyers will likely surge on dips towards it.

Support levels: 1.6460 1.6405 1.6330

Resistance levels: 1.6550 1.6620 1.6685

Australian Currency

Dow Jones

Not only the DJIA reached the 20,000 level for the first time ever in pre-opening trading, but it also rallied up to 20,081 before settling at 20,068.51, up by 155 points. The Nasdaq Composite advanced 55 points and settled at 5,656.34, while the S&P jumped 18 points and ended at 2,298.37, also at record levels. Stocks rallied on the back of strong earnings reports coming from the banking sector, and renewed hopes of large US growth policies, after Trump announced the construction of new pipelines and the wall between the country and Mexico after just three days in the office. Within the Dow, Boeing was the best performer, up by 4.50% after reporting much better-than-expected gains in the last quarter of 2016. The technical picture supports a continued advance in the Dow, given that in the daily chart, technical indicators have turned sharply higher, extending into positive territory, whilst the benchmark finally moved away from its 20 SMA, currently at 19,878. Shorter term, and according to the 4 hours chart, further gains are also likely, as technical indicators keep heading north, despite being in extreme overbought territory, whilst the 20 SMA advanced strongly, and is currently crossing above the 100 and 200 SMAs, these last converging around 19,870, reflecting the strong upward momentum around the benchmark.

Support levels: 20,037 19,949 19,878

Resistance levels: 20,090 20,150 20,200

Australian Currency

FTSE

The FTSE 100 added just 14 points to close the day at 7,164.43, with gains limited by a stronger Pound and oil prices on the defensive. Banks were among the best performers whilst mining-related equities suffered from a sharp reversal in gold’s price. Royal Bank of Scotland surged 5.37%, whilst Standard Chartered gained 5.23%. Antofagasta was an exception, adding 8.61%, after reporting copper production in 2015 was 13% higher than a year earlier, while Randgold Resources shed 2.64%. From a technical perspective, the risk remains towards the downside, as in the daily chart, technical indicators maintain modest bearish slopes within neutral territory, while an early advance was contained by selling interest around the 20 DMA. In the 4 hours chart, the 20 SMA heads strongly lower above the current level, converging with the 100 SMA in the 7,170/80 region and providing an immediate dynamic resistance, whilst technical indicators lack directional strength, but hold within bearish territory.

Support levels: 7,130 7,085 7,025

Resistance levels: 7,180 7,241 7,288

Australian Currency

Gold

Spot gold plunged to $1,193.21 its lowest in two weeks, and closed the day around $1,198.30 a troy ounce, weighed by renewed demand of high-yielding assets. The Trump trade seems to have came back this Wednesday, with US indexes soaring to record highs. The daily chart shows that the bright metal is at risk of falling further, as the price was rejected from a strongly bearish 100 DMA, and technical indicators extended their retreats from oversold territory, heading south within positive territory. In the same chart, the price bounced modestly from a bullish 20 DMA around the mentioned daily low. Shorter term, and according to the 4 hours chart, the metal is biased lower, as the price extended well below its 20 SMA and a major Fibonacci resistance, whilst technical indicators halted their declines, but stand near oversold territory, with no aims of changing course. In this last chart, the price met short term buyers around a bullish 100 SMA, with a break below the mentioned daily low opening doors for a steeper decline towards 1,173.15, the 23.6% retracement of the latest monthly decline.

Support levels: 1,198.30 1,187.80 1,173.15

Resistance levels: 1,204.50 1,214.60 1,220.10

Australian Currency

The Wellness Clarinet LTD is now sourcing below market value properties to purchase in lease options deals as a means of cash flow generation, security, to beautify the environment and to establish valuable joint venture relationships with private investors for mutual growth.
We are a Music, Lifestyle and Trading firm, creating strategies for people desiring change, the millenial generation, the music industry, and the newly divorced, in personal and financial growth through trading the stock market.

This property investment model increases net worth and the net worth of private investors. For the moment this model not part of our value proposition on offer to clients. Our aim is to invest in properties creating a prototype of financial freedom. To beautify the environment through reburbishment and generate positive cash flow for ourselves and joint venture partners.

Below market value property opportunities are everywhere, and there are certain criteria in which a property owner may wish to let go of their property below market value. Such as a quick sale, being in risk of repossession or as a solution to being in debt.

The property value is £100,000 we buy 25% below market value at £75,000. The deposit of £18,750 is put up by the private investor. So the mortgage on the property would be £56,250.

Let’s assume the property is re-mortgaged after 6 months at its full value of £100,000 and not reburbished. The deposit can be returned to the private investor, plus the monthly agreed interest. And there will be £25,000 in equity left in the property. Plus rental revenues if so desired.

1. Split of profit. When the property is sold or remortgaged you the private investor can have a percentage stake in the property, and or ongoing profit. We can own the property together, use a ‘Deed of Trust’. Or you the investor can host the mortgage, for security if necessary.
2. The private investor lends the money to us directly. We pay the agreed interest per money until the money is paid back. Normally 1% to 3% for short term finance. 0.75% to 1.5% for more than 6 months. The security is in the property so any such concern is alleviated.
3. You the private investor receives a percentage of property revenues over 5 years.